Financial Affairs

Opinion: Small Business Administration’s relaxed loan terms offer a silver lining for small businesses

The dominant narrative around US small businesses throughout the pandemic has been pessimistic rhetoric. But there is another side to the history of small business that is emerging. A story of determination, perseverance and new opportunities. Many companies have shown incredible creativity and ingenuity to take advantage of the opportunities …

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Business loans lead the liquidity jump this year

(Yonhap) South Korea’s business loans have risen sharply this year amid the coronavirus outbreak, causing the country’s overall money supply to surge, central bank data showed on Wednesday. The country’s M2 money supply stood at 3,065.8 trillion won ($ 2.56 trillion) at the end of May, up 10.6 percent from …

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Metrion Biosciences closes new £ 2.7million equity financing

CAMBRIDGE, England – (COMMERCIAL THREAD) – Metrion Biosciences Limited (Metrion), the ion channel CRO and drug discovery company, today announced it has secured £ 2.7million in new equity funding, including £ 2.25million from from lead investor Gresham House Ventures. The funding will be used to expand Metrion’s laboratories in Cambridge, …

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$ 375 million loan to Sunwing to protect jobs

The Canada Business Emergency Finance Corporation (CEEFC) announced that Sunwing Vacations and Sunwing Airlines have accessed $ 375 million in cash to protect jobs in Canada’s airline industry through a loan in the framework of the Large Employers Emergency Funding Mechanism (LEEFF). Sunwing Airlines and Sunwing Vacations together provide nearly …

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SBA Reveals Full List of PPP Loan Recipients; See the list of all businesses in the Valley benefiting from loans | Coronavirus

HARRISBURG – Data released Tuesday by the Small Business Administration shows that businesses and groups in Pennsylvania have shared $ 5 billion in loans under $ 150,000, provided through the federal paycheck protection program. The program provided these loans to 146,000 businesses in Pennsylvania, an average of just under $ …

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Wema Bank launches gender-focused loan offerings

Wema Bank Plc has launched a special discounted loan offer for women to mark International Women’s Day (IWD) this year. The Division Manager, Retail, Wema Bank Plc. Dotun Ifebogun launched the unique loan offer for the genre during a webinar on the topic: “Challenge Today for an Equal Future” held …

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New PPP loan rules could give colleges a break

Colleges suffering from lost earnings during the pandemic may have a better chance now that clarification of the Paycheque Protection ProgramThe rules of (PPP) state that these institutions can exclude work-study students from their final employee counts, according to Bloomberg. In doing so, many colleges will be able to claim …

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Media & Marketing Services Company Engine Signs Credible

ENGINE, a global global service media and marketing services company, today announced that it has signed Credible as a client. Credible is a leading consumer finance marketplace that allows consumers to compare instant and accurate prequalified rates from multiple financial institutions for mortgages, student loans, and personal loans. ENGINE was …

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What FIs don’t get from underbanked consumers

Share Tweet Share Share Share E-mail In official figures, there are 33 million unbanked and underbanked consumers in the United States. Of those 33 million, a relatively small number – about 7 million or just over 5 percent of the U.S. population – are entirely unbanked, without both a checking …

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Replaces bill banning corporate campaign contributions

The city’s supervisory board on Tuesday voted to support California’s Assembly Bill 20, which would expand local law limiting corporate contributions to political campaigns statewide. Introduced by Assembly Members Alex Lee and Ash Kalra in December, the law would make California the 23rd state to prohibit business entities from directly …

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Restarting Savannah with the green light

PERTH (miningweekly.com) – The board of directors of ASX-listed Panoramic Resources has approved the A $ 41 million restart of the Savannah nickel project in Western Australia. The company told shareholders on Tuesday that the decision to restart operations in Savannah, which had been placed under surveillance and maintenance in …

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